Reports out of Japan have Asics Corporation setting up an apparel design and production subsidiary called Asics Ubik Creation, which will commence operation in October. The move will apparently lead to the closure of its current women's sportswear s
Author: James Hartford
lucy Set to Open First East Coast Locations
lucy will open two East Coast stores this fall. lucy will open its first East Coast store on Oct. 3 at Tysons Corner in Mclean, Va. followed by Union Station in Washington, D.C. on Oct. 15, marking its 19th and 20th store locations. lucy is scheduled to
adidas Inks Long-Term Deal with Australian Olympic Committee
The Australian Olympic Committee and adidas announced a sponsorship agreement until 2016. Under the terms of the agreement, adidas will outfit the Australian Olympic Team at the next Summer Olympics in Beijing 2008 as well as the Olympic Games in 2012 an
Huffy Reorg Plan Approved; Sees Early October BK Emergence
The U.S. Bankruptcy Court for the Southern District of Ohio has entered an order confirming Huffy Corporation's Joint Plan of Reorganization following a confirmation hearing held September 22, 2005. The court ruled that Huffy Corporation has met all
SGMA’s Fly in for Fitness Accomplishes Goals
SGMA International’s Fly in for Fitness on September 20-21 was described as a gathering of passionate and committed leaders within the U.S. fitness industry. According to SGMA President Tom Cove, the Fly in for Fitness achieved its key objectives to prom
Federated Announces Realignment; Marshall Fields will Become Macy’s
Federated Department Stores, Inc. announced a series of strategic decisions to build its nationwide Macy's and Bloomingdale's brands and reduce costs. The retailer sees the moves stimulating long-term growth in sales while taking full advantage
Sara Lee Branded Apparel Acquires Two Companies
Sara Lee Branded Apparel, parent of Duofold and Champion, has acquired National Textiles, L.L.C., a yarn and textile production company based in Winston-Salem, N.C. The company also said that it recently acquired DFK Trading Corporation Ltd., an Asian sou
Original Penguin to Expand Retail Footprint
Original Penguin is expanding its retail venture with a planned nationwide rollout, starting with Miami Beach in December 2005. The comapny's third retail store will open at the Fashion Mall in Newport Beach, Calif. in February 2006…
Brunswick Issues Warning on Boat Business Concerns
Brunswick Corp. expects that the combined effects of high fuel prices, lower consumer confidence and Hurricane Katrina could contribute to a slowing of the economy just as the marine industry moves into the off season. BC continues to see strength in the
European Footwear Vendors Take Issue with EU Anti-Dumping Probe
The European Branded Footwear Coalition, representing many highly regarded European and global footwear brands, today warned of the detrimental impact of the current European anti-dumping investigation being conducted targeting leather footwear and the ha
Pony Signs Ricky Davis to Endorsement Deal
PONY International announced that Boston Celtics' forward Ricky Davis has signed with PONY to endorse the brand for the re-launch of its performance basketball line in fall 2005. The arrangement includes a signature Ricky Davis basketball shoe, point
Sports Chalet Shareholders Ratify Measures
Sport Chalet, Inc. announced the results of its annual meeting of stockholders held September 20, 2005. Shareholders approved a number of measures, including the election of three directors, an increase in the number of outstanding shares and the creation
Nike Inc. Q1 Net Up 32% on Strength Across Regions
NIKE, Inc reported revenue for the fiscal first quarter ended August 31 revenues increased 8% to $3.9 billion, compared to $3.6 billion for the same period last year. Net income grew 32% to $432.3 million, or $1.61 per diluted share, compared to $326.8 mi
Russell Corp. to Miss Estimates; Katrina Will Hurt Even More
Russell Corporation announced today that it expects fully diluted earnings per share for the third quarter of 2005 to be between 50 cents and 60 cents and full year earnings in the $1.25 to $1.35 range on an ongoing basis, which is below the company'
Yue Yuen Fiscal Q3 Net Hurt by Oil and Labor Costs
Yue Yuen Industrial (Holdings) Limited reported that revenues for the fiscal third quarter ended June 30 rose 11.9% to $859 million and net profit declined 9.9% to $84 million year on year respectively. The Group’s gross margins were affected by increase
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